The law amendment leaves the decision regarding the use of the whole social fund by collective agreement between an employer and the trade union. Where no agreement has been concluded, the decision is to be taken pursuant to the law.
Previously, the law stated that a portion of the fund had to be used for a specified purpose.
The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.
For further information contact Ruth Clamp, Arthur Andersen Bratislava on tel: +42 7 5340 545, fax: 42 7 5340 542 or e:mail directly to ruth.a.clamp@ArthurAndersen.com or enter text search 'Arthur Andersen' and 'Business Monitor'.
